Given all that has happened over the past year we’re all pretty switched on to movements in exchange rates these days and we look to move our money when it is beneficial. Despite this far too many people are using their online banking system for transfers but this is rarely the best option as not only is there usually a fee, the exchange rates are rarely competitive. If you want to save money on your currency transfers read on.
With Sterling being relatively weak compared to the US Dollar, the currency to which most GCC currencies are pegged, it is still a good time to move your Dirhams, Riyals or Dinars to Sterling although there have been suggestions that we may see some movement the other way before too long.
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